About Mylapay
Mylapay is a company based in Chennai (India) founded in 2019 by Santhanakumar Dhanabalakrishnan, Mohanraj Ravi, and Sundar Balasubramanian. Mylapay has raised $1.83 million across 7 funding rounds from investors including LetsVenture, CDM Capital and 77 Capital. The company has 21 employees as of April 07, 2024. Mylapay operates in a competitive market with competitors including REPAY, Infibeam Avenues, Clearhaus, DataMesh Group and CredoPay, among others.
- Headquarter Chennai, India
- Employees 21 as on 07 Apr, 2024
- Founders Santhanakumar Dhanabalakrishnan, Mohanraj Ravi, Sundar Balasubramanian
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Mindeed Technologies And Services Private Limited
- Date of Incorporation 09 May, 2019
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$8.55 K (USD)0as on Mar 31, 2021
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Net Profit
-$30.88 K (USD)40.07as on Mar 31, 2021
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EBITDA
-$30.33 K (USD)40.31as on Mar 31, 2021
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Total Equity Funding
$1.83 M (USD)
in 7 rounds
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Latest Funding Round
$1 M (USD), Series A
Jan 05, 2026
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Investors
LetsVenture
& 25 more
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Employee Count
21
as on Apr 07, 2024
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Funding Insights of Mylapay
Mylapay has successfully raised a total of $1.83M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Mylapay
Mylapay has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, CDM Capital and 77 Capital.
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Early-stage fintech startups receive investments from 77 Capital.
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Venture capital firm focused on pre-seed to series B stage companies
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Early-stage investment in transformative technology sectors like FinTech, HealthTech, and SaaS.
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Investor details for Mylapay
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Investments & Acquisitions by Mylapay
Investment portfolio details for Mylapay
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Financial Statements - Mylapay
Detailed financials for Mylapay
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Mylapay Comparisons
Peer comparison for Mylapay
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Competitors of Mylapay
Mylapay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as REPAY, Infibeam Avenues, Clearhaus, DataMesh Group and CredoPay, among others.
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Merchant acquiring solutions are provided for businesses to process payments.
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Digital payment solutions and enterprise software platforms are provided.
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Merchant acquiring solutions are offered for payment processing needs.
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Payment processing solutions are delivered to Australian merchants and retailers.
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Merchant acquirer payment processing solutions for businesses
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Detailed competitors of Mylapay
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Latest news on Mylapay
Complete news archive for Mylapay
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Frequently Asked Questions about Mylapay
Mylapay was founded in 2019.
Mylapay is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Mohanraj Ravi is the current CEO of Mylapay. They have also founded this company.
Mylapay is a funded company, having raised a total of $1.83M across 7 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Mylapay is 21.
Annual revenue of Mylapay is $8.55K as on Mar 31, 2021.
Mylapay was founded in 2019 and is headquartered in Chennai, India, within the fintech sector. Payment processing for online and offline transactions is handled through secure authentication and switching mechanisms. Post-authorization processes, including clearing, settlement, reconciliation, and chargeback management, are managed via a unified platform. Risk is minimized in cross-border payments, while analytics for profitability and real-time costing are provided through an intuitive dashboard and API integration.
Mylapay's top competitors include REPAY, Infibeam Avenues and Clearhaus.
Mylapay has 26 investors. Key investors include LetsVenture, CDM Capital, 77 Capital, Saison Capital, and Ashok Vittal.
The valuation of Mylapay is $4.15M as of Jan 2024.